Yea,fancy that,a $40b company that makes no profit with a model that can be copied by any financial institution being considered 'over valued'
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Caught red-handed!
Depends on what you use this forum for, Ruby. Are you trying to share useful info amongst your trading/investing peers, or hoping to swing them to your bullish beliefs by selective use of said info. I'd hope the former, but it appears not in this case.
OK, in some respects this is a debating chamber, but most of the time I'd prefer, as they say, "Just the facts, ma'am"...
'OOOhhh,caught red handed..." :)
Like I said,just adding some 'balance' to the thread,most appear to trawl the internet for any comment small or large to support their negative bias and act like children when an opposing viewpoint or opinion is put forward.
I am unashamedly positive on this stock,at least I am honest.
It becomes more obvious of the bias in here when previously well regarded brokers become 'idiots' when they publish anything that could be construed as positive.
and any that were regularly held up as 'clowns',become the oracles of the sharemarket if they publish a SP downgrade :D:t_up::p
The Negatives are all taken in with all the informations available.
The Positives are reflecting the SP from Insto's and share holders whom already taken into accounts and looking to the future of the company and have been buying back shares from all the panic sellers.
It has been 3 days straight :
1st day : 42 mil shares was changed hand. (NZX and ASX)SP was pushed down to $8.92NZD
2nd day: 26 mil shares was changed hand. (NZX and ASX)SP was pushed up to$10.47NZD to $10.65NZD on ASX
3rd day: 16 mil shares was changed hand. (NZX and ASX)SP was steady $10.05
It calmed yesterday : just under 5 mil shares changed hand.(NZX and ASX) $10-10.05
The panic is calmed , I believe most of the panickers are now realised that is it and stop selling and hold.
Also taken into account that shorters are also recovering at this price, meaning it is a very good price for this ATM stock at this moment.
Any positive news will lift off this darling ATM rocket!